USD/CAD - US Dollar Canadian Dollar, European Session - 09/04/09

By IBT Staff Reporter On 04/08/09 AT 10:24 PM

1,2360. USD CAD is in a range between 1,2310 and 1,2485. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands.